So the management of Nigeria National Petroleum Corporation (now Company Limited) had been lying to their employers, the downtrodden masses of Nigeria who have been paying them fabulous remunerations? The poor Nigerians have also been indulging the perennial inability of the management to effectively run the “daku daji,” (epileptic) three-and-one-half petroleum refineries with huge sums…
The matter of electricity supply in Nigeria is gradually getting to be a deadly business: A report indicates that sometime in 2019, two students of Federal University in Oye-Ekiti, occasionally referred to as FUOYE, lost their lives to trigger-happy security operatives said to be guarding a certain First Lady, when they and fellow students embarked…
Governor Charles Chukwuma Soludo, who was described by the Master of Ceremony at his swearing-in ceremony as a philosopher-king, just revived the spirit of Communist China’s Chairman Mao Zedong’s Cultural Revolution in Anambra State. He has started to walk his talk by ordering an SUV from Innoson Motors, an automaker based in Nnewi, Anambra State….
If you don’t know what the blue economy means, it shows that you are not even aware of the recent move by Vice President Yemi Osinbajo, Chairman of Nigeria’s National Economic Council, to salvage the sinking ship of Nigeria’s economy. Well, the blue economy is about the marine or maritime industry and its benefits for…
From the rule book of economist Henry Boyo, the Naira will continue to depreciate as long as the Central Bank of Nigeria uses the American dollar, or any other currency to measure the value of the Naira. The American dollar, propped up the global petroleum business, will always be in high demand, which will make…
“Global village” is a term coined by Canadian thinker Marshall McLuhan, to describe “the phenomenon of the entire world becoming more interconnected as the result of the propagation of media technologies throughout the world.” Beyond the interconnectedness of the peoples of the world through air travel, international newspapers and newsmagazines, international television (and radio) networks,…
That Nigeria is spending revenue or income before it is earned is another way of saying that Nigeria is living on debt. The bigger danger is that Nigeria’s earning is not commensurate with its import-oriented spending. Therefore, it will be a fat chance for Nigeria to balance its budget without using more debts to finance…
Somebody has said that Zainab Ahmed, Minister of the federal ministry with the longish title of Finance, Budget and National Planning, concentrates only on the budgeting aspect of her schedule, and hardly pays attention to the Finance or fiscal policy and Planning or macroeconomic aspects. Having, more or less, farmed out or outsourced the macroeconomics…
It’s good for you to know from the onset that no economy has a surfeit of material goods to satisfy the wants and needs of every citizen in a political realm. That must have informed the classic definition of economics, which is said to be the rational allocation of scarce resources. Like Charles Dickens’ orphan,…
Association of Licensed Telecommunications Operators of Nigeria, the trade group of telecoms, has just written to Nigeria Communications Commission, its regulator, for permission to raise the tariff for Nigerians who use God’s own (free) air for voice calls, text messages and, now pervasive, use of data. Those who love to argue may say God had…